Box Ships Inc (TEUFF)

[Toxic Avenger]

You're going to have to explain how a company with no money, no ships, and no business turns a profit.

Especially a company that managed to lose $27 million when they HAD $350 million worth of ships and over $200 million in net assets.

And let's not forget that they've only converted 63k preferred shares - 800k more to go.



P.S. No one should confuse understanding how management screwed over shareholders with supporting it. It's important that potential investors don't get misled into thinking that buying these toxic shares is a good idea, or helps anyone other than the corrupt management and the preferred shareholders they make deals with. I sympathize with those who fell into the TEUFF trap, and I surely don't want to see anyone else victimized.